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Spaceworks, Benton Park Road,, Newcastle Upon Tyne
£260,000 Offers over
Bedrooms
Bathrooms
An immaculately presented two bedroomed semi-detached house which offers beautifully presented rooms over two floors which benefit from gas combi heating and double glazing. The dining kitchen features patio door which open into the larger sized rear garden which offers a superb level of space and privacy. Other attractions include a good-sized living room, two first floor bedrooms and a very well-presented bathroom with over bath shower. There is a town garden to the front and gravelled driveway providing off street parking. The area offers fantastic access via bus or car into the major centres of Tyneside, and locally, both Sainsburys and Chillingham Road are within walking distance. Freehold. Energy rating C. Council tax band B.
Hallway: With radiator.
Living room (front): With bay window, radiator.
Dining kitchen: With radiator. Gas combi boiler. Fitted units with integrated oven, hob and extractor good. Plumbed for washer. Space for fridge freezer. Patio doors to garden.
First floor landing
Bedroom one: With radiator.
Bedroom two: With radiator. View over Heaton Cemetery.
Bathroom: With radiator, white suite with shower over bath, wash basin and w.c.
Externally: Garden and driveway to front
Good sized enclosed rear garden with high rear wall giving a very good amount of privacy. Not directly overlooked from the rear. A great space for entertaining and relaxing.
Freehold: The property is registered with the land registry as freehold but this must be confirmed by your conveyancer prior to exchange of contracts.
Mining: The property is not known to be affected by mining but given the rich mining heritage of the area your solicitor must confirm this before exchange of contracts.
Utilities: The house is connected to mains gas, water, and electricity. The street is served by high-speed broadband and is not known to be a mobile drop out zone, however this must be checked when viewing the house.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
Spaceworks, Benton Park Road,, Newcastle Upon Tyne
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